Riley Exploration Permian Q2 Adj EPS $1.37 Misses $1.78 Estimate, Sales $99.91M Beat $90.81M Estimate
Portfolio Pulse from vinayak@benzinga.com
Riley Exploration Permian (REPX) reported Q2 earnings of $1.37 per share, missing the analyst consensus estimate of $1.78 by 23.03%. However, the company's quarterly sales of $99.91 million beat the estimate of $90.81 million by 10.02%. Compared to the same period last year, earnings increased by 37% and sales increased by 48.58%.
August 07, 2023 | 8:57 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Riley Exploration Permian's Q2 earnings missed estimates but sales exceeded expectations. Earnings and sales have grown YoY.
Riley Exploration Permian's earnings miss could negatively impact the stock price. However, the sales beat and YoY growth in both earnings and sales could offset this negative impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100